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its noncompliance within the time specified in the notice of | | noncompliance, the compacting state is in default as set forth in | | section 2485. |
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| | | 4.__Commissioner's authority to oversee market regulation.__ | | The commissioner of any state in which an insurer is authorized | | to do business or is conducting the business of insurance shall | | continue to exercise the commissioner's authority to oversee the | | market regulation of the activities of the insurer in accordance | | with the provisions of the state's law. The commissioner's | | enforcement of compliance with the compact is governed by the | | following provisions. |
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| | | A.__With respect to the commissioner's market regulation of | | a product or advertisement that is approved by or certified | | to the commission, the content of the product or | | advertisement does not constitute a violation of the | | provisions, standards or requirements of the compact except | | upon a final order of the commission issued at the request | | of a commissioner after prior notice to the insurer and an | | opportunity for hearing before the commission. |
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| | | B.__Before a commissioner may bring an action for violation | | of any provision, standard or requirement of the compact | | relating to the content of an advertisement not approved by | | or certified to the commission, the commission, or an | | authorized commission officer or employee, must authorize | | the action.__However, authorization pursuant to this | | paragraph does not require notice to the insurer, | | opportunity for hearing or disclosure of requests for | | authorization or records of the commission's action on such | | requests. |
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| | | §2480.__Dispute resolution -- Article 9 |
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| | | The commission shall attempt, upon the request of a member, to | | resolve any disputes or other issues that are subject to this | | compact and that may arise between 2 or more compacting states, | | or between compacting states and noncompacting states, and the | | commission shall promulgate an operating procedure providing for | | resolution of such disputes. |
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| | | §2481.__Product filing and approval -- Article 10 |
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| | | 1.__Filing of product with commission.__Insurers and 3rd-party | | filers seeking to have a product approved by the commission shall | | file the product with, and pay applicable filing fees to, the | | commission.__Nothing in this chapter may be construed to restrict | | or otherwise prevent an insurer from filing its product with the | | insurance department in any state where the |
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